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Map
61 NW 17th Pl
About This Property
Exceptional investment opportunity in the Orange Park subdivision, located just minutes from LoanDepot Park and Downtown Miami, two of Miami's most desirable and growing areas.
This project is currently in the final stage of approval (Process #BD24-026131-001) with final plans approval expected within 30 days or less, making it a near shovel-ready development.
Project Highlights:
12 Residential Units
Each unit: 2 Bedrooms / 2 Bathrooms
Projected Rent: $2,600 per unit
Estimated Gross Monthly Income: $31,200
Estimated Gross Annual Income: $374,400
With strong rental demand in the area and proximity to downtown Miami, this project presents a rare opportunity for developers and investors looking for a high-yield multifamily asset.
Almost ready to break ground. Contact us today for more information.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 6, 2026 | Listed by BRS | $1,500,000 | |
| Listed by BRS | |||
| Sep 15, 2021 | Sold | ||
| Sold | |||
| May 22, 2019 | No longer available | - | |
| No longer available | |||
| Nov 7, 2018 | Listed by Best Connections Realty Inc | $465,000 | |
| Listed by Best Connections Realty Inc | |||
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Attention Developers, Investors and Entrepreneurs: Orange Park Subdivision has a great opportunity awaiting it's new owner! If you have been looking to add to your portfolio, build to sell or simply own for positive cash flow - then dig your interest into this unique opportunity. This property is being sold for Land Value. (((T4-R))) That's right! This market is hot and the area calls for more units. Just a few blocks from the major highways - connects to all major areas of Miami such Brickell, the Beaches, Downtown, Midtown...reach the whole town Because this property is CENTRAL CENTRAL CENTRAL! Call the Listing Agent for more details and let's make a deal!
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Western Miami
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$4,600 /mo
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- 2 Baths
- 938 ft²
$3,300 /mo
- 1 Bed
- 1 Bath
- 702 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017